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Shell leaves Romania

The UK-Dutch oil group Shell announced on Wednesday that its liquefied gas (GPL) business in Romania, Bulgaria, Spain, Switzerland and the Czech Republic was sold to the French company Rubis. The transaction added up to 90 million euros, Reuters informs.Through this operation, Shell ends all its activity in Romania.According to Shell officials, the transaction is part of the company's new policy, oriented rather towards extracting oil than selling oil products."Shell focuses its investments ...

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Energy & Environment

Thursday, March 22, 2007